Portfolio Design Labs LLC Purchases 832 Shares of Fiserv, Inc. (NYSE:FI)

Portfolio Design Labs LLC lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 5.2% during the 4th quarter, HoldingsChannel reports. The firm owned 16,755 shares of the business services provider’s stock after acquiring an additional 832 shares during the period. Portfolio Design Labs LLC’s holdings in Fiserv were worth $3,442,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FI. Catalina Capital Group LLC grew its stake in shares of Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock worth $444,000 after acquiring an additional 48 shares during the last quarter. Mount Yale Investment Advisors LLC grew its stake in shares of Fiserv by 1.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock worth $848,000 after acquiring an additional 50 shares during the last quarter. Waypoint Capital Advisors LLC grew its stake in shares of Fiserv by 1.7% in the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after acquiring an additional 51 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of Fiserv by 3.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after acquiring an additional 51 shares during the last quarter. Finally, Optas LLC grew its stake in shares of Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after acquiring an additional 54 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Morgan Stanley increased their target price on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Susquehanna increased their price objective on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research report on Monday. KeyCorp increased their price objective on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company increased their price objective on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada increased their price objective on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Fiserv has an average rating of “Buy” and a consensus target price of $239.83.

Fiserv Stock Down 0.3 %

NYSE FI opened at $229.97 on Wednesday. The stock’s 50-day moving average price is $209.25 and its 200-day moving average price is $194.28. The company has a market capitalization of $130.83 billion, a P/E ratio of 42.67, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 52 week low of $142.47 and a 52 week high of $233.26. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, equities research analysts predict that Fiserv, Inc. will post 10.22 earnings per share for the current year.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.